Almost 40% of Americans plan to spend less this holiday season as the Covid pandemic lingers – CNBC
Shoppers hold hands at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020.
Almost 40% of Americans plan to spend less on gifts this holiday season than they did last year, the largest such percentage since 2013, according to the CNBC All-America Economic Survey.
Just 11% plan to spend more, as Americans continue to cope with surging Covid-19 cases and widespread unemployment. The average American plans to spend just $886, down 10% from their planned spending last year, according…